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limbaugh. >> now, there are people that don't like it, even on the republican side because it has tax increases in it, some say tax increases on the rich. leaves some of obama's tax increases in it. heritage foundation has done deep analysis of this. one of their problems with the ryan budget is, and they do have problems with it, is that hefty tax increases of obama's are maintained. they're kept in it. they're not done away with. >> paul ryan's budget leaves in the increase in top income tax rate that president obama achieved in january, the conservative blog red state noted the ryan budget leaves in 1 trillion in tax revenue in president obama's health care reform bill, including taxes on tanning salons and high value health care plans, which provoked erick erickson to question whether house republicans should even vote for it. since paul ryan's budget keeps the obama care tax revenue stream, isn't voting for his budget a violation of the repeal pledge? and in an interview with cnbc, paul ryan could not continue to pretend his budget choices had any attachment to reality. >> in ter
. >> your dog is named freedom. >> eric: and medical device 2.3% tax? >> we're not paying for healthcare right now above what you are paying for your premiums. the average family cost them $2200 a year, to cover people that are uninsured. you are going to pay a couple more cents for the burger or pay thousands of a dollar in order to insure people that are not insured today. every time the insurance gets it paid for. >> eric: this goes across the whole economy. no matter what you buy, your prices are going up? >> we had bobby flay on the business network. he is worried about the costs. human chef. how he is going to do it suck it up or pass it on the consumer. everybody is worried about this. this wasn't talked about in the beginning. nobody said in the beginning, now what, this small businesses will have to go out of business. all we heard was the good stuff we're going to take care of the people that never had it. at the end of the day it's costing us more. >> eric: the original healthcare law was 7,000 pages long. mitch mcconnell put out it's up to 20,000 pages. what else do we know t
frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to government, it sees that y
years and will not raise taxes. how does he accomplish this? he doesn't spend what we don't have. here is how the congressman explained it earlier today. >> this budget cuts spending by 4.6 trillion dollars offer the next ten years. historically we've paid a little less than 1/5 of our income to the federal government, but the government has spent a lot more. we match revenues with expenditures, so the budget matches the spending with income just like every family and business must do throughout america. >> sean: to help us reach this balanced budget in ten years, congressman ryan lays out four major issue we as a country must tackle. first, energy. ryan's plan paves a path for affordable and american produced energy, most notably, the plan green lights the keystone pipeline to generate almost 140,000 jobs. second, health care, first and foremost the budget repeals obamacare and strengthsens the medicare system for future generations. third, welfare reform, changes made in 1996 by extended reforms to other programs. gives states flexibility so they can tailor programs like medicaid and
to include tax expenditures, a large part of our federal expenditures in the tax code. and the military also needs to be part of deficit reduction. we also need to do this in a select way. these across-the-board sequestration cuts are not how we as well govern. we should be specific as to which programs are priority programs and which programs can be cut. i think that's where we are trying to find common ground between the democrats and republicans. there are discussions taking place among my colleagues on both sides of the aisle to try to find that common area of agreement. >> shannon: we all as americans wish you the best. i want to give you a chance to respond to criticism from jeff sessions. he says the senate budget, proposed and voted on by the committee is full of gimmicks and raises taxes by $1 trillion and increases spending and has no plan and makes no claim to ever balance the budget? >> well, the democratic budget from the senate -- it has more deficit reduction than the simpson-bowles proposal that we all thought was the right framework, just 2 years ago, so i think it is seriou
if they are unwilling to come up with or agree to anything related to closing some tax loopholes and i would think that 98% of americans realize and understand that we have protected spots in our tax code for rich folk who have airplanes and yachts and it's just mind boggling that people can't say, yeah, we can close those loopholes. we don't want those people taking advantage of the tax code so they can keep millions of their dollars when poor people are paying a disproportionate amount. so david throw said things don't change, we do. there's going to have to be some changes going on with individuals and their philosophies if we're going to bring this nation around to propelling this growth or we're going to fall down again because they are not going to move. >> when you look at the fact that speaker boehner wrote and this is an op-ed that says, obama's outreach is nice but where's the leadership? if we're going to find bipartisan solutions, the president will have to move beyond the same proposals as democrat democratic dogma. aren't they saying, there can be an agreement as long as everybody ag
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
and meaningful steps to reduce tensions. >> taxing more, borrowing more, and spending more is not a path to prosperity. >> republican budget is same baby with a new diaper. >> the republicans are just totally bamboozled. >> we do not have an immediate debt crisis. >> we do have an immediate problem. >> they think they got landslided and they didn't. >> more than half of our members have never dealt with the issue of immigration reform. >>> we start today with all eyes on one of the most volatile regions of the world. as the president prepares to fly to israel just a few short hours from now. and while the president and prime minister netanyahu already have a congested agenda, ranging from the arab spring, to the israeli/palestinian conflict, there was yet another disturbing development today in syria when both the rebels and forces loyal to president assad accused each other of firing chemical weapons that syrian state tv has said killed at least 25 people in the north of the country. the white house sounded a skeptical note but warned against any further escalation of violence. >> on th
this week showing a wide gap, indeed, remains over spending and taxes. plans on the table both sides are taking to the airwaves to try to make their cases. peter doocy is live in washington. peter, does it look like either side is ready to give any ground? >> reporter: it depends on which interview you with a watched this morning, john boehner told abc news president obama already got the new taxes he wanted back in january so more taxes shouldn't even be on the table this time around, but another remember can bob corker indicated on fox that new taxes could be part of the discussion if democrats agree to serious entitlement reform. >> think republicans, if they true entitlement reform, would be glad to look at tax reform that generates additional revenues. that doesn't mean increasing rates. it means closing loop homes and arranging our tax system so we have economic growth. i think we've been saying that from day one. >> reporter: the house budget committee chairman paul ryan says he thinks president's trip to capitol hill to meet with republicans is a good start but he thinks the
if is car theish oo you here is tax payer loans are contingent upon building cars at the former gm plant in the u.s. in delaware. that was supposed to create thousands of american jobs but so far has created none. potential chinese buyers balking at the idea to build here in the u.s. it is uncertain if the white house will change it for that reason asewn. fox business network, lauren simonetti, thank you. >>> are you looking to get ahead in your career? it may be as simple as setting a date and writing it down. kate upton could be a lot of men's dreamgirl. one teenager is hoping she is the dream date for the prom. did she say yes? ÷÷ music ... music ... music... >> 20 after the hour. the fda is scrapping the cigarette warnings. they are abandoning a legal battle to have cigarettes light up. they will replace those to include images of diseased lungs. overnight new york firefighters rescued a construction worker who was trapped in mud for hours. he was working in a 75 foot deep subway tunnel when he got suck in mud up to his waste. firefighters used an vel vacuum to help pull the man
cautious proposal, one to one ratio spending cuts and new tax revenue. with all the coverage focusing on these plans, what you wouldn't know a third proposal, one that constitute as much stronger weight to the winding conservatism of the ryan budget. that alternative is the budget proposed a congressional progressive caucus which would add $2 trillion in new spending to create jobs and pay for it by raising taxes on the wealthy and corporations. the entire discussion about budgeting has been anchored on the right by all the attention of the ryan budget has gotten. even though it is billed as the democratic alternative this is for. the murray budget is in some ways closer to the ryan plan when you take the progressive proposal into account. check this out. the ryan budget would cut nondefense discretion airin funding, education transportation, other social services, 16% over ten years. according to the citizens for tax justice. end -- other end of the spectrum, progressive caucus budget which would increase that spending by nearly 28%. you may expect that murray's center left democrati
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
, it results in unfair tax hikes on middle class americans and results in undue burden on middle class americans through the cuts envisioned. >> this republican budget once again makes an ideological, uncompromising approach to addressing that budget challenge. >> perhaps the best thing i can tell you about the republican budget is that here we go again. >> yesterday americans got their first look at this year's ryan republican budget. turns out it it looks like last year's ryan republican budget and it wasn't the only one. i wasn't the only one that said, gee-whiz, not again. >> sean: their fearless lead her -- their fearless leader demagogued so he they demagogued. why are you laughing? >> i'm laughing because these are what i'll call the jim jones democrats. these people are unbelievable with what they're talking about. let me throw a few facts on the table. the government accountability office that works for harry reid and obama, they say 125 billion dollars in estimated improper payments in the federal government? i've got another one of their reports, 510 billion dollars of dupli
crunched the numbers and under the democrats' plan they would race taxes by $1.5 trillion. they just raised taxes. why would anyone think this budget is a good idea. maybe somebody who does is the former chair of the president's council on american advisors. from the university offing should school of business. uses one of those washington calculators. how are you doing? >> great to see you. i thought you would describe the thank you note you were about to write to the president for cutting government at a faster rate since world war ii. >> 6 trillion in debt. you're using to giving your students quizes and tests, right? >> here we go. >> this is the hannity intellectual contest, and we'll see our good of a political spin artist you are. close friends with barack obama -- >> i'm shocked he wasn't elected pope. here's point number one. this week wore talking about the president talking about balancing the budget, and we'll listen to candidate obama. >> i know where this is going. >> what is important to recognize is that we've already cut $2.7 trillion out of the deficit. if the sequester st
of this rescue are much different than the other ones. their bank deposits will be taxed. if you have over 100,000 euros in the bank 9.9 percent levy. less than, 6 and three quarters percent. many nervous people tapped out the atm. a lot of russians have money in cyprus. it is up for a parliamentary vote this afternoon. it can be changed and amended to penalize the smaller for less. the good news is markets in cyprus are closed today for holiday. futures are reacting very negative. >> that's scary the government. nabbing your money like that. people at the office notice younger people can be i am mature. >> appearance punkality and honesty all matter in the workplace. a survey of 400 human resources say a third of the highers aren't professional. 40 percent say they lack work ethic. 52 percent new hires have this heir of entitlement. might be they are more confident. they might have been coddleed by their parents. in this tight job market there's a lot of ways you can turn your passion into your job. many of the candidates might be saying i am too good for this job. >> they need the job to mak
in protecting himself or herself politically vote to raise taxes on those he represents? why? because they get to make more voters angry with them by cutting medicare, because they get their means tested? give me a break. so this odd republican out there is going to both raise taxes and make his somewhat better off voters pay more for health care? no way. we really don't need to get to the liberals, progressives, but just for the sake of candor, why on this god's earth would a good democrat need to cut or i don't get why people are talking about a deal, that no politician out there worried about his or her re-election or renomination would ever want to i can mmake. the truth of what i'm saying will shine through. and the sequester won't seem so bad after all. and that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >> thanks, chris, and thanks to you for tuning in. tonight's lead, shame as it ever was. today, both governor romney and congressman ryan took the stage at the big conservative summit outside of washington. so did they talk about t
unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside. >> so they are trying to act inflexible and it seems that the president has held on to his guns. >> right, and two of those statements, the two statements john boehner made, aren't exactly true, to be very xartable about it. the president does care about fiscal balance. he's put a deal on the table. he just doesn't think we need to get there as quickly as the republicans claim we get there. and in terms of unlocking our energy, we are closer to energy independence than we've ever been. they may want to drill in places the president doesn't. but we're making a lot of progress on energy. i think eric cantor's statement put his finger on it. the republicans in the house in particular, and we're going to see how republicans in the senate do, that the republicans in the house are simply not willing to raise another penny in taxes from well-off people as part of the effort to balance the budget. in fact, the ryan budget cuts the top income tax rate from 39.6% to 25% without explaining all the mid
't love racing taxes just for the sake of raising taxes. we do so in the service of creating a fairer tax code, funding investments for the future and in the service of a balanced approach to deficit reduction. if you take out the deficit reduction concerns and lord knows that any sort of inve investment spending right now is not going to pass muster with the house republicans, you're left with the fairness motive. a more just system would certainly be nice, does it offset the injustice of cutting benefits to folks who rely on social security? to scuttle a brand bargain deal, though, democrats need some sort of political cover. hmm. if only some republican would put out a really toxic, extreme, ideological plan that democrats could point to as continuing republican intransigence, they could walk away with not political consequence. you know, i think i know just the guy. all right. that does it for us here at "the cycle." martin bashir, all yours. >>> good afternoon, it's thursday march the 14th. who needs compromise on capitol hill when cpac is just a few miles up the road? >> was there a
happened in benghazi because hillary clinton's e-mail has been hacked. >> brian: it's taxes versus entitlements on capitol hill today. republicans and democrats present their budget plans. but which one is better for your wallet? if you like a light wallet, one might be better. if you want within filled with money, one might be better. >> steve: i want the george castanza wallet. tv anchors are supposed to be ready, aren't they? >> we have breaking news to report to you. fox 54 has just learned that a huntsville news anchor is being proposed on live -- right now. (scream). >> brian: that is great. >> steve: oh, man. meet the anchor who got the surprise of her life on live television. >> brian: that is awesome. >> steve: it is. "fox & friends" hour two for tuesday starts right now. that's why you got to be really careful. we're very trusting of the people behind the scenes who put things in the teleprompter. >> what's funny is it took her a second, you know, fox anchor is being proposed -- oh it came out and then she realized. that's what happens with breaking news. >> brian: you se
responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what we do is immediately begin to reduce the deficit so they're growing much slower than the economy. which is th
the socialist bernie sanders from vermont who is independent. the cpc wants a 49% federal income tax rate on top earners. they want half. and they don't want many deductions for those folks. also the congressional progressive caucus wants even more government spending. 2.5 trillion more, on, quote, job creation. another 2.2 trillion on things like science, energy, the environment and education. also the cpc does not want to cut entitlements. and, wants to give unemployed americans 99 weeks of cash compensation. nearly two years. the question is what does president obama think of the congressional progressive caucus? my opinion, he likes it i don't think the president believes that crew is fanatical because they want what he wants. by the way, the far left kooks do want to cut one thing, defense spending. they want to bring that back down to 2006 level. somewhere in iran is cheering. there comes a point when americans are going to have to decide what country, what kind of country they want. even taking half of what affluent americans earn, feds couldn't possibly afford what the far left wants to
and tax changes to workout that with republicans on the hill. yesterday the president sounded optimistic, take a listen. >> are you making some phrog. >> i think we've had good conversations. >> reporter: the question now moving forward is whether they will come together on some of these issues. the president traveling today in the chicago area going to announce a $2 billion green energy fund. speaker boehner's staff immediately saying look for this to have any credibility the president has to increase oil and gas production in the u.s. and they are specifically citing the keystone pipeline. they are waiting to see whether or not the president is going to approve that, jenna. jenna: we'll be talking to two lawmakers working on the keystone pipeline and some legislation through congress to speed that up. in the meantime, just as far as the republicans, their reaction to these series of meetings, what are they telling you. >> reporter: to summit us they are saying the old ronald reagan line, trust but verify. they see the president having dinner with republican senators a week or so ago. l
pipt taxes, opposing them. talking about repealing obama care. opposing it. that's what they do. that's ahead. this is "hardball," the place for politics. as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ you know it even have someafter all these years.? but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be m
of entitlement in exchange for new taxes. despite reports the meetings are just for show. party leaders are optimistic. >> they were inspiring optimistic realistic and called for unit and invited any thoughts we had before going forward. >> it was a candid exchange with a number of our members asking questions of the president. as you can image talked about all different issues confronting us with considerable proportion of time transcended issue of time that is our deficit and debt. >> our nation's debt $16 trillion. >> it is time now to brew on this. here's what we would like you to brew on today. a recent report found that more companies are turning to tracking devices to monitor employee's habits to find out how they are interacting with co-workers. bank of america did this when team members talked to each other often. one ceo persworker said they co be recorded by watching movements>> or reading e-mails. >> companies putting sensors on employees to track their every move? is this just fine or is it over the line? send your comments over to us. you can tweet them to us at fox friend
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to stay alert. register's tax offender charles christensen has moved into the neighborhood on will pass road. he has committed several sex crimes against children and is considered a sexually violent predator. if the second sex offender to move in the area and parents are wary about their children's safety. >> this the second time this happened the first time we did not do anything i do not know if we will be able to do the thing this time. >> my granddaughter is 6 and she is smart and intelligent. i showed her the picture and told her exactly what it is. he is a sex guide, a dirty guide. if you ever see him run the other way. >> parents from local elementary are reportedly planning a protest for later today. will let you know if that happens. >> we will take a break. >> it is 4:08 . we will have more headlines. we are following weather and traffic. >> everything is fine as the span of the san mateo bridge although there is reports of a similar by 580 near livermore. >> if you are in the area or 580 is part of your commute you may expect delays live this morning. we will keep you update
much. bill: a related story in california we were watching yesterday. retroactive taxes that go back five years? how can you do that? martha: find incredibly creative ways to tap into people's wallets. bill: the governor of california has to make a decision. watch that on the desk of jerry brown. we're just getting rolling. there is a new battle over the health care law. some changes states are fighting to put in place. you can imagine the amount of confusion. we'll explain that to you. >> nice work if you get it. there is new government job out there one agency is creating. pays six figures a year. might check it out despite the punishing budge jubt cuts we're hearing about. bill: benghazi six months later. the six simple questions one lawmaker that the believes the administration is dodging. >> the fact we have four dead americans. was it a protest or guys out for a walk decided they would go kill some americans. what difference at this point does it make? usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for
-income families, while lowering taxes for the wealthiest people at a time which wl the rich are doing phenomenally well. one out of four major corporations is paying nothing in taxes. my hope is that we can in fact develop a strong budget which is based on revenue and judicious cut cuts. >> when i see her saying she is open to chain cpi, if she, obama, republican leaders get to a deal, it will include chain cpi or something along those lines. would you as a senator, if that becomes the deal that they all work out, would you use the power of filibuster, do you feel strongly enough to stop anything that touches entitlements? >> i don't want to speculate on a line athletic cal. the so called chain cpi would mean if you're 65 years of old, by the time you're 75, you'll get $650 less than you would have gotten. by the time you're 85, $1,000 a year less. if you're a senior citizen in the state of vermont trying to live on $15,000 a year, that's a devastating cut. let me say as chairman of the senate veteran committee, this will mean devastating cuts for disabled veterans fork widows who lost their husba
impersonating government officials, demanding tax money before he could get the prize. how much money did your father end up giving? >> he lost over $85,000. >> reporter: 85,000? >> $85,000. it's devastating. >> reporter: listen to this. a sad exchange between a scammer and a woman named bea who's already shelled out more than $60,000. >> you have to pay the tax on the check before the check could be cashed. >> you keep asking for more money, more money. last night i went to bed crying. i don't have no money. the bills are coming. i don't have any oil. i'm freezing in here. it's getting cold now. >> you have to take care of the final payment, bea. just keep your trust in us now. >> reporter: and if the victims don't pay, the scammers are not above threats. >> there's nothing these scammers won't do. they're absolutely despicable. >> we want to put out the red flags of warning. >> reporter: so how do you protect yourself? if prize officials tell you to pay taxes before they give the money, it's a scam. >> you always tell us the same, pierre thomas on it again in washington. pierre, thank you. >
to tax private bank accounts up to 10%. and now citizens in cyprus are in panic mode rushing to a.t.m.'s. there's a run on banks there as people try to clean out their savings before the tax hits them. >>ainsley: this is to help bail out the cash-strapped country. something like this, could it happen in america? we're asking our guest stuart varney. good morning. >> theoretically, yes, it could happen here. if congress passes a law which taxes wealth -- that is a bank deposit -- yes, it could happen here. in practice, it will not happen here. >>ainsley: it will be a riot. >> plus america can print its own money. you can print dollars to get out of trouble if you're in extreme situations. cyprus uses the euro, somebody else's currency. >>brian: the problem is this is the deal they cut in order to survive. the e.u. gave them this money and said this is some of the austerity things you must do. >> cyprus is bankrupt. it needed an extra $13 billion to keep going. the europeans said we'll give you the money, but you've got to give some of it back from the deposits of everybody in the c
account as a tax. tonight, the plan in one country to do just that and the shock felt around the world. plus, campus shooting plot foiled. tonight, guns, bombs and suicide at one of the biggest universities in america. late night panic and fear on campus. >> the cops had guns and were telling everyone to run. >> shepard: now the suspect is dead. why did he have all the weapons and explosives? tonight, investigators dig into the deadly dorm room drama. and a couple of dare devils do a skyscraper fly by. with nothing more than a pair of wings but first from fox this monday night, police are now saying this could have been a disaster. hundreds of students had the one of the largest universities in our nation evacuated after report of a man with a gun on campus. but there was so much more. when police entered the suspect's dorm room, they found him dead with a pistol and an assault rifle. and a bagful of homemade bombs. and investigators say it now appears to them the suspect was planning some kind of attack. it happened a little after midnight in dorm tower 1 at the university of central
. especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. amendment to force the president to reinstate white house tours fail today. mixed messages from you in the l
in the bank will be taxed on them. under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, which is a -- >> no, no, no. no, michael, it's not -- in cyprus case it's not an either or all, it's going to be a both. not only are they going to face this tax to help make up a shortfall, they're also going to have spending cuts and the government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out r
. that and no new taxes all they can agree on. no new taxes but why hasn't president obama offered republicans a deal from his points of view? his version of a grand bargain to force the republic chance to say no and walk away from the table? he hasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. that's "hardball" and we're playing it. this is the place for it. we'll be right back. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> president obama announced the official delegation to the vati
because of the near 40% federal tax rate and the 15% state tax rate and doesn't include, state taxes, payroll taxes, extremely high. >> clayton: gas prices are through the roof there. >> alisyn: on and on. >> tucker: i don't think he should complain, he's one of the reasons why. as a native california, i blame bill maher. that's my home state, i think he should be quiet and pay the taxes. >> alisyn: maybe a change of heart. >> tucker: maybe, but i think he should pay the results of his consequences. doesn't run away at that jackson hole, bill maher. >> clayton: perhaps headed to cpac, i don't know if that's going to happen. a straw poll squeaker yesterday in cpac, two raising republican stars neck and neck. only one could come out on top. elizabeth prann. >> reporter: and wrapping up the three day stint, leaving rand paul feeling charmed after he won the straw poll. after the filibuster on the floor. and coming in second, florida senator marco rubio, about 23% of the vote. rick santorum 8% of the vote and followed by governor chris christie who wasn'tnvited. there was serious discus
of the americans. i asked them to please shelf the tax hikes. that's because we understand the negative effect more taxes would have on our fragile economy and the millions of americans still looking for work. it's also because we know washington democrats already got $600 million in taxes they demanded earlier this year. and remember, that's in addition to the more than $1 trillion they got in taxes from obamacare as well. so now it's time for the balance they promised. washington doesn't need to tax more. it needs to finally figure out how to spend less. i said these things were the least senate democrats owed the american people, given their lack of responsibility in not producing a budget for the last four years. i'm sorry to report that the plan they put forward yesterday will do none of these things. none of them. instead of getting washington spending under control, their proposed budget doubles down on the same wasteful stimulus spending we already know doesn't work. we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the de
plan to raise taxes almost a trillion dollars over the next decade are simply a deal breaker. >> i love to hear the president's answer as to why he doesn't believe we have a debt crisis or why he doesn't believe we have a spending problem. >> there is the matter of the white house tours. who ordered them closed for budget cuts. the white house initially said it was the administration's call. the president then claim blames the secret service. leaving it to white house spokesman jay carney to explain. >> the secret service made a decision about the budget and with draw personnel from tours. we had to cancel the tours. it's our job to cancel the tours. >> the decision has caused all kinds of headaches for the white house which may now have to reopen the dours on at least a limited basis. even the lib berled toreial page of the "washington post" reopened the white house doors. they call this the equivalent of bureaucratic hostage taking. >> thanks, doug. >> it is time now for your 5@5:30. the top five stories making news at this hour. more than 800,000 of your tax dollars were spent on a l
exec growth. there's no tax increase in the world that will solve our long term dead -- debt problem. i'll tell you the criticism of the left. number one, he drank two much water. number two he didn't offer any new ideas and there's the fallacy of this. we don't need a new idea. there is an idea. the idea called america and it still works. [applause] >> i was told i got ten measly minutes. [laughter] >> but just in case i brought 13 hours worth of information. [laughter] >> the filibuster was about drones and also about much more. do we have a bill of rights? do we have a constitution? and will we defend it? [applause] >> within a few days, the president signed an extra $250 million to send to egypt. [booing] >> you know the country where mobs attacked our embassy, burned our flag, and chanted "death to america," he found an extra $250 million to reward them. i say, not one penny more to countries that are burning our flag. >> the g.o.p. of old has grown stale and moss-covered. [applause] >> i don't think we need to name any names, do we? applause. >> our party is enculpberred by an inc
i'm listening but we've got to begin this talk by raising taxes. and then they got into some policy. >>alisyn: let's hear more about exactly what was said in these meetings. >> one of my favorite moments was when one of my colleagues said mr. president, it is not all that helpful to have you publicly questioning our motives, publicly accusing us of wanting to eviscerate medicaid, for example, simply because we want to call for reform or block grants. >> and his answer was? >> i don't speak nearly as badly about you as some of you do about me. >> who asked that? >> it was jon [inaudible] i thought he did a great job in answering the question. he was deferential in the way he did it. the point needed to be make. the president's response was unsatisfactory. it overlooked the fact that most of the time we criticize him but we generally don't question his motives. we don't question whether or not he generally cares about the american people. that is a problem. that is a difference. >>steve: you can tell the vicious attacks over the last couple of years really hurt. okay, he's up here now
some republicans will spin it as another energy tax on producers. let's bring in jonathan to talk about this. i see u.s. oil production at an eight-year high. reliance on oil at a 16-year low. it sounds good. this has an impact on everything from how we fill up at the pump to foreign policy questions. how we interact with the entire middle east. this is a gigantic change, isn't it? >> it is a gigantic change. look. there are a lot of form of energy out there but we're still relying on oil more domestically, not where most americans would like to be in terms of that ratio. you're right. it has implications for foreign policy. so i don't think we're going to see the end of american reliance on oil any time soon. >> you know, one of the energy issues, jonathan, that president obama has really done his best not to deal with head on because of the political sensitivities is this key stone pipeline. i know he got an earful from republicans this week who have been urging all along for him to approve this and get it going. he has seen maybe this week to signal tentatively that's the direction h
reforming our tax code to produce savings and apply both of those savings to reducing our deficit. if we do it that way, if we do it in a balanced way that asks the well-off and well-connected to pay a little bit, to contribute a little bit to deficit reduction, not just seniors and middle class then we don't have to put all of the burden on seniors and the middle class while giving a massive, massive tax cut yet again to the wealthiest folks. the president felt very good about his meetings. he a great session with senate republicans yesterday and you saw numerous quotes i think from senate republicans that reflected the fact that it was a good meeting and a constructive meeting and there really is the potential for common ground. but the differences are large and they remain large do get back to your point, when it comes to deficit reduction, it may be that the gab is too wide to reach a deal. the president hopes that's not the case, but we'll see, it's certainly worth having this engagement to try to find common ground. >> why did it take so long? i know you're going to say he's met with
escalation. number two, stocks closed lower on news of a plan plan to tax the bank account of the tiny nation of cyprus to help bail out the country infantry from financial crisis. number one, cops found a student dead with pistol and assault rifle and homemade explosives in his dorm at the university of florida in south orlando. that's "the fox report's" top five. on this day in 1963, the u.s. supreme court issued a land mark ruling that states have to provide a lawyer to a criminal defendant who can't afford one. it began with the 1961 arrest in florida of clarence earle gideon for breaking into a pool hall and stealing money from vending machines. he couldn't afford a trial attorney. that could hope happen in death penalty cases and wound up sentencing gideon five years in prison. he appealed claiming the conviction violated his constitutional rights. the supreme court upheld the claim and in a re-trial with a defense lawyer, gideon walked free thanks to historic decision 50 years ago today. and now you know the news for this monday, march the 18th, 2013. i'm shepard smith. i will see you
equality, abortion rights, gun safety. and he's still talking, actually pushing big tax cuts for the rich and cuts in medicare and medicaid that affect the middle class and poor. what a strange thing it is to hear reince priebus talking about building bridges when he was the one with his hands on the detonator? former pennsylvania governor ed rendell is with us as well as managing editor of the "grio," joy reid. governor rendell, i read what you had to say about this. i'm just wondering, why would a political party believe a new pr strategy would cover up for its policies? >> it makes no sense at all. first of all, their policies are bankrupt. they're the exact same, and they haven't changed their policies a bit, chris. you see republican state legislators pushing virulent antiabortion bills that are clearly unconstitutional, clearly punitive to women. no exceptions for incest and rape. things that voters rejected the last time dramatically. they're still -- they don't get it about income inequality in this country. they're still pushing for budgets that give huge tax breaks to the rich a
to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >> and while relations between the president and prime minister have been described as tense, to say the least, on this trip the two appeared down right chummy. at this after
. it calls for raising taxes on everyone earning more than $250,000 a year. spends a trillion dollars on public works projects over ten years. >> right. >> you say it will create 7 million jobs by next year. it does not, however, balance the budget. that's something also that the president has talked about. won't this be dead on arrival in the republican house? where do you see this document fitting into the debate? >> first of all, let me say the ryan budget is dead on arrival. so our budget stands, i think, it's better than his does. at least we're doing what the american people want which is to put people back to work. chris, i'm looking for the day where we can evaluate a budget based on whether it puts americans back to work. we don't need to balance the budget in ten years. we need to make steady progress toward reducing the ratio of gdp to deficit. that's what we need to do. what we really need to do and the crisis we actually have is a jobs crisis. we need to put our infrastructure in good repair, which we don't have now and we need public employees like teachers, firefighters
need -- we've gotten less tax revenue because of the recession. and so, remember, the europeans have already bailed out greece, portugal, ireland. so when cyprus went to them, we'll lend you $10 billion. you guys have to come up with $7 billion. and the way the cyprus economy is structured, it's almost all banks. huge banks relative to the size of the economy. and so the solution they came up with was taxing deposits in banks. that has turned out to be incredibly controversial. last night the parliament here voted it down even though there had been intense negotiations for weeks about it. now today, it's about plan "b" and it's not clear whether there will be a plan "b." the banks are closed, only get money out of atms, the financial system here on the verge of collapse. and if things don't get resolved quickly, this could be the first country that leaves the euro, chris. >> obviously, investors around the world are watching this really closely. what about here in the u.s.? what kind of repercussions might we feel here? >> well, the biggest repercussion that we saw is when they decid
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